China Rare Earth Price - June 6, 2022

Details: Category: Tungsten's News; Published on Monday, 06 June 2022 15:05

China rare earth price maintains stability at the beginning of the week. Although the production capacity of rare earth production enterprises is limited due to the high pressure of environmental protection, frequent rainy weather and high epidemic prevention requirements in some areas, it is still difficult to support the increase in the price of rare earth raw materials, mainly due to the slow follow-up of downstream demand.

News: In 2022, Minmetals Rare Earth plans to achieve an operating income of 3.434 billion yuan. In the future, the company will actively meet the favorable opportunities for the integration of the rare earth industry, give full play to its advantages in the rare earth industry operation and listing platform, promote the substantial development of existing rare earth resources and the effective acquisition of external rare earth resources, and carry out the integration of internal and external rare earth assets in a timely manner. Reorganize, optimize the regional layout of smelting and strengthen the cultivation of advantageous production capacity, and promote the extension of the rare earth industry to high value-added fields.

Prices of rare earth products on June 6, 2022

China rare earth price photo